The sun, sea and sand appeal to many when thinking of moving to a new location. However, when relocating, you need to be practical and think about how much the move is going to cost you. We don’t just mean the price of the house or how much it will be to transport of your belongings to your new home, but we’re talking about the general cost of living in that area too. FOX Smart Estate Agency are based in Cyprus and are on hand to provide you with as much information about moving here as possible. We want to make sure that you find your dream property and are also fully informed about the area. Here’s what the cost of living in Cyprus is.
Living Expenses in Cyprus Explained
Cyprus is a beautiful jewel found in the Meditteranean. There’s plenty of reasons why people are attracted here, with the cost of living here being a major factor. The average cost of living in Cyprus is 10.40% lower than that in the United Kingdom. Let’s take a look at a few different living expenses in Cyprus.
Property Prices in Cyprus
According to recent reports, property sales in Cyprus are on the rise. During the first quarter of 2019 (January, February and March), sales were up 11% compared to the same period in 2018. The general cost of a property in Cyprus varies based on where you choose to live. For example, with Fox Smart Estate Agency, you can pick up a 2-bedroom apartment in some of the most sought-after regions for under €100,000.
Utility Bills in Cyprus
In Cyprus, your average utility bills will come in cheaper compared to like-for-like usage in the UK. For example, for your monthly bills - which includes electricity, heating and water - your payment could be around €117 (£105). In the UK, those same bills could cost £144, which will save you over £450 a year.
When it comes to phone bills and internet costs, it is slightly more expensive in Cyprus - though the difference is very small. What you end up saving in your utility bills will more than cover the additional broadband fees, still leaving you with some money left over.
The Cost of Everyday Essentials
If you’re thinking about moving and want to know more about the cost of living in Cyprus, we’ve outlined the average prices of some everyday essentials.
Milk - €1.36 (£1.22)
A Loaf of Fresh White Bread - €1.45 (£1.31)
1KG of Apples - €1.85 (£1.67)
Cappuccino - €2.95 (£2.66)
Coke/Pepsi - €1.40 (£1.26)
Water (1.5 Litre Bottle) - €0.69 (£0.62)
Bottle of Wine - €6.00 (£5.40)
Cinema Ticket (1 Person) - €9.00 (£8.10)
Monthly Gym Membership - €52.05 (£46.85)
Sometimes you deserve a little treat. And what better way to enjoy some relaxing wind-down time on an evening than going out for a delicious meal? In Cyprus, there are many traditional meals that are truly delightful. But there’s such a vast choice of cuisine here that there’ll be something for everyone.
The price of food is going to vary depending on where you choose to eat. For example, a meal at an inexpensive restaurant will be around €12.00 with a McDonald’s meal coming it at half the price. If you opt for a 3-course meal at a mid-range restaurant, you could spend approximately €40.00. The more high class you go the more you’re going to pay, but this is the same no matter where in the world you are.
Searching for a Property in Cyprus
The cost of living in Cyprus is a major factor when it comes to deciding whether or not this is a country where you wish you live. If you’ve decided that Cyprus is the place for you, Fox Smart Real Estate are your number 1 choice for finding a property. We have 100s of properties for sale or to rent in some of the most desired areas on the island. Our aim is to make sure that you find the property of your dreams without any hassle or stress. And that’s why we’ve developed an easy-to-use search facility. Simply search by location and property type and narrow down your results by being more specific.
Here are some of the most popular searches completed on our website: